AUD/CAD – 30M – BUY

The currency pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 0.9492 will persist.

Caution: A possible counter-trend in the direction of the support zone at could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

Additionally a ‘Three Outside Up’ chart pattern is found. The candles form ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.9492 – 0.94991 – 0.95145 – 0.9445 – 0.94416 – 0.94428 —
0.94827 – 0.94975 —
55.780434982971 – 54.34273954544 —
– —
0.94920 – 1770003000

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –